The Federal Housing Administration issued temporary partial waivers today that will provide mortgagees with expanded flexibility to help senior homeowners with HECMs who continue to experience significant financial … more FHA Announces More Relief for HECM Borrowers
HUD
Common HECM Questions Posted to FHA’s FAQ Website
The Federal Housing Administration’s Frequently Asked Questions (FAQ) website, a great resource for HECM-related questions, has moved to a new platform that introduces improvements to the search functionality … more Common HECM Questions Posted to FHA’s FAQ Website
HUD Selling Vacant Properties Once Backed by HECMs
To help expand affordable housing opportunities, the Department of Housing and Urban Development is selling 1,450 assigned properties once used as collateral for Home Equity Conversion Mortgages to … more HUD Selling Vacant Properties Once Backed by HECMs
Administration Unveils Action Plan to Combat Appraisal Bias
The Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) delivered an action plan to President Biden this week that is aimed squarely at dismantling racial bias … more Administration Unveils Action Plan to Combat Appraisal Bias
FHA Implements System Enhancements for the Electronic Submission of Flood Insurance Data
The Federal Housing Administration announced enhancements to FHA Connection that require mortgagees to indicate if property improvements are in a Special Flood Hazard Area (SFHA) and if so, … more FHA Implements System Enhancements for the Electronic Submission of Flood Insurance Data
Mandatory Use Date for FHA Catalyst Extended to 2023
The Federal Housing Administration has extended the mandatory use dates for mortgagees to submit appraisals for single-family forward and reverse mortgage endorsements through the FHA Catalyst: EAD Module. … more Mandatory Use Date for FHA Catalyst Extended to 2023
Ginnie Mae Publishes LIBOR Index Transition Reference Guide
Ginnie Mae published a LIBOR Index Transition Reference Guide to assist stakeholders in preparing for the transition away from the London Interbank Offered Rate to a replacement index … more Ginnie Mae Publishes LIBOR Index Transition Reference Guide
FHA Clarifies COVID-Relief Options For Borrowers
The Federal Housing Administration published a technical update to Mortgagee Letter 2021-15 that will provide additional time for borrowers economically impacted by the COVID-19 pandemic to seek relief. … more FHA Clarifies COVID-Relief Options For Borrowers
NRMLA Submits Comments to HUD
NRMLA submitted two sets of comments to the Department of Housing and Urban Development this past week, one that seeks changes to loan level servicing reviews in FHA’s … more NRMLA Submits Comments to HUD
HUD Issues HECM Exam Waiver
The Department of Housing and Urban Development issued a temporary waiver that allows reverse mortgage counselors who were required to take the HECM exam last year, but couldn’t, … more HUD Issues HECM Exam Waiver
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